Zwipe: Biometric Contactless Payment Card

#Money

Tue, Oct 28th, 2014 10:00 by capnasty NEWS

Zwipe, which has recently announced a partnership with MasterCard, has created the first biometric contactless payment card. Much like an iPhone, your pin is your fingerprint, making payments fast and secure.

The card is the first of its kind to combine the security of biometric authentication with the speed and convenience of contactless payment. Cardholder fingerprint data is stored directly on the card, not in an external database. After activation by a simple fingerprint scan, the Zwipe MasterCard card can be used to make contactless payments. The biometric authentication replaces the PIN entry, thus enabling cardholders to make payments of any amount, unlike other contactless payment cards on the market. Zwipe is now working on the next generation of its card that will be the same format as a standard card and designed to work with all payment terminals for release in 2015. This new card will harvest energy from the payment terminals without the need for a battery.

  1145

 

You may also be interested in:

TSA Store Sells Everything it Has Confiscated, From Snow Globes to Swiss Army Knives Sold By the Pound
Michael Jordan's House is For Sale. This is What it Looks Like
A Judge Stands up to Wall Street
Vancouver's Olympics Head for Disaster
With 21 Million Slaves in the World, There's a Good Chance the Products You're Buying Were Made by Them